2 Stocks that will pay a dividend of more than 1,000% soon; Are you holding any?

There are generally two ways to earn in the stock market i.e, Capital appreciation and Dividends. While capital appreciation happens over time through active investing, Dividend is a source of passive income. 

Here are two stocks that will pay a dividend of more than 1000%: 

Bajaj Holdings And Investment Limited 

The shares of the Bajaj group company were trading 3.2 per cent higher till 12.15 pm on Wednesday at Rs 6,835. In the last five days, the stock has scaled by approximately 17 per cent. In a month it has zoomed by 28 per cent and so in a year, the stock has delivered a return of approximately 60 per cent. 

The board of the company has approved an interim dividend. The company will pay a dividend of 1,100% of its face value of Rs 10 which amounts to Rs 110 per share. For this purpose, the record date has been set as September 23rd, 2022. 

The interim dividend will be credited on or around October 10, 2022, the company said. 

In Q1FY23, the company reported total revenue of Rs 91 crores as compared to Rs 97 crores which it earned in the same quarter a year earlier. Their net profit stood at Rs 44 crores down from Rs 51 crores which they earned in the year prior. 

Bajaj Holdings & Investment Ltd is a Non-Banking Financial Company (NBFC) which focuses on earning income through dividends, interest and gains on investments held. 

Maharashtra Scooters Limited 

The shares of the company opened at Rs 5,031 and climbed by more than 5 per cent to reach its all-time high of Rs 5,327.70. In the last five days, the stock has gained approximately 13 per cent. In the span of a month, the stock has climbed up by 34 per cent and so far this year it has gained 34 per cent YTD. 

The board of the company has declared an interim dividend. The company will pay a dividend of 1,000% of its face value of Rs 10 which amounts to Rs 100 per share. For this purpose, the record date has been set as September 23rd, 2022. 

The aforesaid Interim Dividend shall be credited/dispatched on or around Monday, October 10, 2022. 

In Q1FY23, the company reported total revenue of Rs 3 crores as against a revenue of RS 2 crores which they earned in the same period a year ago. Their net profit stood at Rs 1 crore in the quarter against Rs 2 crore in Q1FY22.

Maharashtra Scooters Ltd is engaged in assembling geared scooters. The company markets scooters under the brand name Chetak, Super and Priya. 

Written by Anoushka Roy

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.